Company Registration No. 12623319 (England and Wales)
ADVANTAGE PROPERTIES LONDON LTD
Unaudited accounts
for the year ended 31 May 2023
ADVANTAGE PROPERTIES LONDON LTD
Unaudited accounts
Contents
ADVANTAGE PROPERTIES LONDON LTD
Company Information
for the year ended 31 May 2023
Company Number
12623319 (England and Wales)
Registered Office
101 Kingsland High Street
Dalston
London
E8 2PB
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
ADVANTAGE PROPERTIES LONDON LTD
Statement of financial position
as at 31 May 2023
Tangible assets
7,148
8,717
Cash at bank and in hand
18,532
18,850
Creditors: amounts falling due within one year
(95,121)
(91,251)
Net current liabilities
(64,739)
(72,401)
Net liabilities
(57,591)
(63,684)
Called up share capital
100
100
Profit and loss account
(57,691)
(63,784)
Shareholders' funds
(57,591)
(63,684)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Mr M Kaya
Director
Company Registration No. 12623319
ADVANTAGE PROPERTIES LONDON LTD
Notes to the Accounts
for the year ended 31 May 2023
ADVANTAGE PROPERTIES LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 12623319. The registered office is 101 Kingsland High Street, Dalston, London, E8 2PB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% - reducing balance method
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
ADVANTAGE PROPERTIES LONDON LTD
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
16
11
Other creditors
94,355
90,490
Allotted, called up and fully paid:
50 A Ordinary shares of £1 each
50
50
50 B Ordinary shares of £1 each
50
50
8
Transactions with related parties
Included within other creditors is an amount of £31,638 (2022: £27,773) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 5 (2022: 1).